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The Preserve Gold Group trades in precious metals like gold, silver, platinum and palladium. This firm is frequently mentioned in web searches pertaining to the purchase of gold.
Many customers are pleased, but how does this business compare to its rivals? Is it a genuine organization?
We've looked into the positive and negative feedback around this firm. Here are some details to consider if you are thinking about hiring this firm.
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About Preserve Gold
Preserve Gold Group is a frontrunner in the precious metals investment industry due to the variety of strategies it offers. Gold, silver, platinum and palladium may all be purchased as coins or bars.
This organization provides more than just precious metals; they also offer complete IRA administration. Though it has only been around for a short while, this business already has a solid reputation. This company was incorporated in California in 2022.
The management team of this firm consists entirely of members of the founding family. Those who work with this firm may be certain that their demands will be attended to attentively.
You may trust the firm with your IRA rollover needs. You may trust Preserve Gold Group with your assets if you live in the United States and wish to switch custodians.
The firm also provides investor education since it considers informed customer satisfaction. Education benefits all parties involved by encouraging customers to invest in precious metals. Articles in Forbes have referred to Preserve Gold Group.
Preserve Gold Management
Preserve Gold Management is a precious metals company led by its co-founders and CEOs, Daniel Boston and Jennifer Good. Although there is limited information available about the founders, it is known that they have a combined experience of over 30 years in the precious metals industry.
As the company's leaders, Boston and Good are responsible for setting the company's strategic direction, managing the day-to-day operations and driving growth initiatives.
With their extensive industry knowledge and expertise, Boston and Good are uniquely positioned to lead Preserve Gold Management to success. They will likely have a deep understanding of the trends and challenges facing the precious metals market and the key drivers of success in the industry.
This enables them to make informed decisions about the company's direction and develop effective growth strategies.
In addition to the internal management team, Preserve Gold likely works with external partners and vendors to support its operations. For example, the company may work with an advertising agency to develop marketing campaigns or partner with a logistics provider to manage its supply chain.
Products and Services
Preserve Gold Group provides a range of products and services related to precious metals investing. The company's most significant product line is precious metals IRAs, investment accounts holding physical gold, silver, platinum and palladium.
These IRAs offer several advantages, including tax benefits and protection against inflation and market volatility.
However, not all investors prefer to use retirement accounts for their investments. Some investors may use personal funds to directly buy precious metals instead of opening an IRA. The Preserve Gold Group understands this preference and offers direct sales of precious metals to meet the needs of these investors.
For instance, the company offers a wide selection of bullion and coins, including American Eagles, Canadian Maples and South African Krugerrands, which can be purchased directly with personal funds.
Preserve Gold Group also provides personalized guidance and advice to its customers, whether they invest in precious metals through IRAs or direct purchases.
Pricing and Fees
With Preserve Gold Group's IRA offerings, you may expect to pay a charge. Anybody opening an IRA should know the costs associated with the custodian and the depository.
Preserve Gold Group partners with Goldstar Trust Company and Horizon Trust Company for custodial services. Customers can keep their precious metals at any reputable depository of their choosing.
Custodial services and depositories are funded by the fees charged. These charges are only relevant to IRA investors. Unlike retirement savings, no maintenance or storage costs are associated with cash purchases.
While depository storage often provides higher levels of protection, you may utilize one nevertheless. Preserve Gold Group is open and honest about its custodians, which inspires trust among its customers.
Preserve Gold Group's strongest partnerships are with Goldstar Trust Company and Horizon Trust Company. However, customers are free to deal with any custodian. These businesses are highly regarded and known for providing exemplary service to their clients.
The costs associated with using a depository for your valuables can vary. While all depositories must follow IRS rules, you may still have some leeway in structuring your account. Many people prefer local depositories. Some investors may favor offshore or tax-friendly onshore depositories.
The depositories used by Preserve Gold Group are not specified on their website. Without knowing particular depositories, it is difficult to estimate your storage expenses. The majority of investors, however, advocate utilizing high-cost depositories.
The percentage-based fees you'll pay might change depending on whether or not your metals are segregated. Several investors have reported spending roughly $200. The average cost of a custodian ranges from $100 to $250 per year. The clients of Preserve Gold Group may receive discounts from some depositories.
Contact your Preserve Gold Group representative if you need help planning how much money to save each year to pay your fees. You should address any inquiries or issues you have with your designated representative.
The cost of creating an account with Preserve Gold Group is not disclosed on their site. Any such fees would cover the setup of your custody arrangements and the first documentation required.
Considering how much time and effort would be required otherwise, the costs you incur will seem minimal. No stated minimum investment is necessary to open an IRA or buy precious metals with Preserve Gold Group.
However, the standard minimum for an IRA rollover is between $25,000 and $30,000. These transactions need a great deal of documentation because of their complexity.
Customers are always welcome to return and resell their precious metals to the firm. There are no costs associated with the liquidation of these transactions. The firm is dedicated to putting the interests of its customers before its own.
Preserve Gold Group is known for providing exceptional customer service to its customers. Their representatives are trained to handle inquiries and concerns with the utmost professionalism and care. They have a customer-centric approach that ensures every customer is attended to and their needs are met.
One of the critical indicators of their excellent customer service is their response time. Preserve Gold Group's customer service representatives are responsive and prompt in addressing customer concerns. They ensure that every customer's inquiry is resolved as quickly as possible without compromising the quality of the response.
Another indicator of their exceptional customer service is their attention to detail. Preserve Gold Group's representatives take the time to listen to the concerns of their customers and provide relevant and accurate solutions. They understand the importance of customer satisfaction and strive to provide the best possible service.
Preserve Gold Group's commitment to customer satisfaction is evident in the positive feedback they receive from its customers. Many customers have left glowing reviews praising the company's customer service. The reviews attest that Preserve Gold Group has excellent customer service and that their representatives go above and beyond to ensure that customers are satisfied.
Is Preserve Gold Group a Scam?
Based on the available evidence, it is highly unlikely that Preserve Gold Group is a scam. The company is a legitimate and reputable business with a strong track record of customer satisfaction.
One key indicator of the company's legitimacy is its high ratings on consumer review sites. For example, Preserve Gold Group has a 5-star rating on Consumer Affairs, meaning that most customers who have worked with the company have had positive experiences.
Similarly, the company has a 4.5 rating on Trustpilot, another well-known review platform trusted by consumers worldwide. These ratings suggest that Preserve Gold Group is providing high-quality services and delivering on its promises.
The company has an A- rating with the Better Business Bureau (BBB), another critical indicator of its legitimacy. The BBB is a trusted resource that provides consumers with information about businesses, including their ratings and any complaints filed against them.
An A- rating is a solid mark of approval, indicating that the company has a good reputation and has demonstrated a commitment to ethical business practices.
Any custodian who passes Preserve Gold Group's checks will be welcome to work with them. It is recommended, however, that you choose either Goldstar Trust Company or Horizon Trust Company as your custodian. These businesses enjoy high levels of public trust. Their pricing is reasonable for the vast majority of traders.
The Preserve Gold Group has its preferred depositories as well. The Delaware Depository, the International Depository Services and the Texas Precious Metals Depository are the most highly recommended options.
Pros & Cons of Preserve Gold
Why Add Gold to an IRA?
Gold is a tangible asset seen as a store of value for centuries. Gold has been used as a currency and a medium of exchange for a long time and has retained its value. As a result, it has been considered a safe investment option for those looking to diversify their portfolio.
One of the primary reasons why gold is added to an IRA is to hedge against inflation. Inflation refers to the general rise in prices of goods and services over time.
When inflation occurs, the value of paper currency decreases, which can negatively affect the performance of investments denominated in that currency. However, inflation does not affect gold as much as paper currency, making it a valuable asset in an IRA.
Gold helps to protect against economic and political uncertainties. It has been seen as a haven asset during economic and political turmoil. This is because gold is not directly tied to one country's economy or political system. As a result, it can provide a stable investment option during times of instability.
Furthermore, gold is a tangible asset that can be held and stored physically. Gold can be physically held and stored securely, unlike stocks, bonds and other financial assets. This can provide peace of mind for investors concerned about their investments' safety.
Opening Gold IRA Account with Preserve Gold Group
Opening a gold IRA account with Preserve Gold Group is a straightforward process that involves a few simple steps.
Choose a Custodian
The first step in opening a gold IRA account with Preserve Gold Group is to choose a custodian. A custodian is an institution that holds and administers the assets in your IRA account. Preserve Gold Group works with various custodians and you can choose the one that best suits your needs.
Fund Your Account
Once you have chosen a custodian, you need to fund your account. You can transfer funds from your existing IRA or 401(k) account or contribute cash. Preserve Gold Group can help you with this process by providing the necessary forms and instructions.
Choose Your Metals
After funding your account, you need to choose the metals you want to include in your IRA. Preserve Gold Group offers many precious metals, including gold, silver, platinum and palladium. You can choose a single metal or a combination of metals depending on your investment goals and risk tolerance.
Purchase Your Metals
Once you have chosen your metals, you need to purchase them. Preserve Gold Group can help you do this by providing access to its extensive metal dealers and wholesalers’ network. They can also guide when and how to make your purchases to maximize your returns.
Store Your Metals
Finally, you need to store your metals in a secure facility. Preserve Gold Group offers secure storage options at various locations throughout the United States. They can also help you choose the storage option that best suits your needs.
Our Experience with Preserve Gold
In general, we had a great experience with Preserve Gold. The interactive pricing charts depicting the current spot price of precious metals on the firm website appealed to us. Customers might use this to their advantage when evaluating the viability of an investment.
The publicly available RMD calculator was also a useful resource for us. Because of this openness, Preserve Gold is an excellent option for novice and seasoned investors who want to plan and budget their purchases in advance.
Although pricing information was not easily accessible through their website, we received prompt responses from company employees with the information we needed. Preserve gold provides greater discounts and perks than its competitors.
We asked for an educational investors kit, sent to anyone who submit their information, to acquire a feel for the company from the customer's perspective. We looked through two comprehensive eBooks that provide clear guidance on investing wisely in gold.
The market forecast, updated regularly and explains how inflation and the macroeconomy might impact the gold market, was also quite informative. Specialists at Preserve Gold may provide investors with resources catered to their holdings.
Overall, Preserve Gold Group is a legitimate and reliable firm committed to providing top-notch service to each customer. The company has a team of experts who can provide quality financial advice and cater to each client's specific needs.
Preserve Gold Group will ensure that your investments are secure and well-protected. They can help you establish an IRA with secure assets, including precious metals and other assets such as silver coins or bullion.
However, we cannot fully recommend the company as your best gold IRA provider. Other alternatives are available, including many firms that will provide you with low-cost gold IRA investments. Our top recommended companies provide low-cost gold IRA accounts with high customer satisfaction.
If you are looking to invest, don't forget to checkout our highest recommended companies!
Currently our #1 recommendation is offering up to $10,000 in free silver!
Father, Husband, Investor, Entrepreneur.